GoDaddy Inc. (NYSE:GDDY) Shares Purchased by Private Advisor Group LLC

Private Advisor Group LLC increased its position in shares of GoDaddy Inc. (NYSE:GDDY) by 6.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,335 shares of the technology company’s stock after purchasing an additional 148 shares during the period. Private Advisor Group LLC’s holdings in GoDaddy were worth $461,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of GDDY. Wealth Enhancement Advisory Services LLC boosted its stake in GoDaddy by 31.6% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,944 shares of the technology company’s stock valued at $775,000 after acquiring an additional 1,187 shares in the last quarter. US Bancorp DE increased its holdings in GoDaddy by 22.3% in the third quarter. US Bancorp DE now owns 37,458 shares of the technology company’s stock valued at $5,873,000 after buying an additional 6,827 shares in the last quarter. Optas LLC increased its holdings in GoDaddy by 5.8% in the third quarter. Optas LLC now owns 2,091 shares of the technology company’s stock valued at $328,000 after buying an additional 114 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in GoDaddy by 14.8% in the third quarter. Robeco Institutional Asset Management B.V. now owns 357,175 shares of the technology company’s stock valued at $55,998,000 after buying an additional 46,133 shares in the last quarter. Finally, National Pension Service increased its holdings in GoDaddy by 7.4% in the third quarter. National Pension Service now owns 288,337 shares of the technology company’s stock valued at $45,205,000 after buying an additional 19,918 shares in the last quarter. Institutional investors and hedge funds own 90.28% of the company’s stock.

GoDaddy Stock Performance

GoDaddy stock opened at $177.53 on Tuesday. GoDaddy Inc. has a 12-month low of $108.38 and a 12-month high of $216.00. The company has a market capitalization of $25.09 billion, a price-to-earnings ratio of 27.52 and a beta of 1.15. The company has a debt-to-equity ratio of 5.46, a current ratio of 0.72 and a quick ratio of 0.56. The firm’s fifty day moving average price is $197.96 and its 200 day moving average price is $182.06.

GoDaddy (NYSE:GDDY) last announced its quarterly earnings data on Thursday, February 13th. The technology company reported $1.42 earnings per share for the quarter, missing the consensus estimate of $1.43 by ($0.01). The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.18 billion. GoDaddy had a return on equity of 176.06% and a net margin of 20.49%. On average, research analysts forecast that GoDaddy Inc. will post 6.63 EPS for the current fiscal year.

Insider Activity

In other GoDaddy news, COO Roger Chen sold 1,000 shares of the business’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $194.28, for a total transaction of $194,280.00. Following the completion of the transaction, the chief operating officer now directly owns 182,632 shares of the company’s stock, valued at $35,481,744.96. The trade was a 0.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Phontip Palitwanon sold 1,554 shares of the business’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $203.90, for a total transaction of $316,860.60. Following the transaction, the chief accounting officer now directly owns 21,505 shares of the company’s stock, valued at $4,384,869.50. The trade was a 6.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 17,534 shares of company stock valued at $3,533,720. Company insiders own 0.61% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on GDDY shares. Piper Sandler increased their price target on shares of GoDaddy from $176.00 to $177.00 and gave the company a “neutral” rating in a research report on Friday, February 14th. B. Riley increased their price target on shares of GoDaddy from $220.00 to $225.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Royal Bank of Canada reiterated an “outperform” rating and issued a $230.00 price target (up from $190.00) on shares of GoDaddy in a research report on Wednesday, December 4th. StockNews.com lowered shares of GoDaddy from a “buy” rating to a “hold” rating in a research report on Monday, February 17th. Finally, Morgan Stanley increased their price target on shares of GoDaddy from $227.00 to $228.00 and gave the company an “equal weight” rating in a research report on Friday, February 14th. Seven analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $213.20.

About GoDaddy

GoDaddy Inc engages in the design and development of cloud-based products in the United States and internationally. It operates through two segments: Applications and Commerce, and Core Platform. The Applications and Commerce segment provides applications products, including Websites + Marketing, a mobile-optimized online tool that enables customers to build websites and e-commerce enabled online stores; and Managed WordPress, a streamlined and optimized website building that allows customers to easily build and manage a faster WordPress site; Managed WooCommerce Stores to sell anything and anywhere online; and marketing tools and services, such as GoDaddy Studio mobile application, search engine optimization, Meta and Google My Business, and email and social media marketing designed to help businesses acquire and engage customers and create content.